STOCK TITAN

RISE Dispensaries to Launch Legal Cannabis Sales at All Five RISE Ohio Locations on August 6

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

RISE Dispensaries, owned by Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), will launch legal cannabis sales at its five Ohio locations on August 6, 2024. The dispensaries in Cleveland, Lakewood, Lorain, and Toledo will open from 7:00 a.m. to 8:30 p.m., offering products from Green Thumb's brands including RYTHM, incredibles, Beboe, Good Green, Doctor Solomon's, and &Shine. First-day profits will be donated to local nonprofits. Green Thumb has been serving Ohio's medical cannabis community since 2019 and operates a manufacturing facility in Toledo. The company aims to introduce more Ohioans to its brands while maintaining safety and product quality standards.

RISE Dispensaries, di proprietà di Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), lancerà le vendite di cannabis legale in cinque località dell'Ohio il 6 agosto 2024. I dispensari a Cleveland, Lakewood, Lorain e Toledo saranno aperti dalle 7:00 alle 20:30, offrendo prodotti dai marchi di Green Thumb, tra cui RYTHM, incredibles, Beboe, Good Green, Doctor Solomon's e &Shine. I profitti del primo giorno saranno donati a organizzazioni no profit locali. Green Thumb ha servito la comunità di cannabis medica dell'Ohio dal 2019 e gestisce un impianto di produzione a Toledo. L'azienda mira a presentare più marchi agli abitanti dell'Ohio, mantenendo standard di sicurezza e qualità dei prodotti.

RISE Dispensaries, propiedad de Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), lanzará las ventas de cannabis legal en sus cinco ubicaciones en Ohio el 6 de agosto de 2024. Las dispensarias en Cleveland, Lakewood, Lorain y Toledo abrirán de 7:00 a.m. a 8:30 p.m., ofreciendo productos de las marcas de Green Thumb, incluyendo RYTHM, incredibles, Beboe, Good Green, Doctor Solomon's y &Shine. Las ganancias del primer día se donarán a organizaciones sin fines de lucro locales. Green Thumb ha estado sirviendo a la comunidad de cannabis medicinal de Ohio desde 2019 y opera una instalación de fabricación en Toledo. La empresa tiene como objetivo presentar más marcas a los habitantes de Ohio, mientras mantiene estándares de seguridad y calidad en los productos.

RISE Dispensaries는 Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF) 소속으로, 합법적인 대마초 판매를 오는 2024년 8월 6일 오하이오의 다섯 개 지점에서 시작합니다. 클리블랜드, 레이크우드, 로레인, 톨레도에 위치한 약국은 오전 7시부터 오후 8시 30분까지 운영되며, Green Thumb 브랜드의 RYTHM, incredibles, Beboe, Good Green, Doctor Solomon's, 및 &Shine 제품을 제공합니다. 첫날의 수익은 지역 비영리 단체에 기부됩니다. Green Thumb는 2019년부터 오하이오의 의료 대마초 커뮤니티에 서비스를 제공해 왔으며, 톨레도에 제조 시설을 운영하고 있습니다. 회사는 안전성과 제품 품질 기준을 유지하면서 더 많은 오하이오 거주자들에게 브랜드를 소개할 계획입니다.

RISE Dispensaries, appartenant à Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), lancera les ventes de cannabis légal dans ses cinq établissements dans l'Ohio le 6 août 2024. Les dispensaires de Cleveland, Lakewood, Lorain et Toledo ouvriront de 7h00 à 20h30, offrant des produits issus des marques de Green Thumb, notamment RYTHM, incredibles, Beboe, Good Green, Doctor Solomon's et &Shine. Les bénéfices de ce premier jour seront reversés à des organisations à but non lucratif locales. Green Thumb sert la communauté de cannabis médical de l'Ohio depuis 2019 et gère une installation de fabrication à Toledo. L'entreprise vise à présenter ses marques à davantage d'habitants de l'Ohio tout en maintenant des standards de sécurité et de qualité des produits.

RISE Dispensaries, im Besitz von Green Thumb Industries Inc. (CSE: GTII) (OTCQX: GTBIF), wird am 6. August 2024 den Verkauf von legalem Cannabis an seinen fünf Standorten in Ohio starten. Die Apotheken in Cleveland, Lakewood, Lorain und Toledo haben von 7:00 bis 20:30 Uhr geöffnet und bieten Produkte der Marken von Green Thumb an, darunter RYTHM, incredibles, Beboe, Good Green, Doctor Solomon's und &Shine. Die Einnahmen des ersten Tages werden an lokale gemeinnützige Organisationen gespendet. Green Thumb bedient seit 2019 die medizinische Cannabis-Community in Ohio und betreibt eine Produktionsstätte in Toledo. Das Unternehmen hat sich zum Ziel gesetzt, mehr Einwohner von Ohio mit seinen Marken vertraut zu machen und dabei Sicherheits- und Produktqualitätsstandards zu wahren.

Positive
  • Expansion into Ohio's legal cannabis market with five dispensaries
  • Potential for increased revenue from new customer base
  • Donation of first-day profits to local nonprofits, potentially improving community relations
  • Established presence in Ohio since 2019, including a manufacturing facility
Negative
  • None.

Legal Cannabis Sales to Begin at 7:00 a.m. on August 6 at RISE Dispensaries in Cleveland, Lakewood on Detroit, Lakewood on Madison, Lorain and Toledo

CHICAGO and VANCOUVER, British Columbia, Aug. 05, 2024 (GLOBE NEWSWIRE) -- RISE Dispensaries, a rapidly growing cannabis retail chain owned by Green Thumb Industries Inc. (“Green Thumb” or the “Company”) (CSE: GTII) (OTCQX: GTBIF), today announced that it will commence legal sales at its five Ohio dispensaries, with locations in Cleveland, Lakewood on Detroit, Lakewood on Madison, Lorain and Toledo, beginning August 6. RISE Dispensaries will be open to patients and customers starting on August 6 from 7:00 a.m. to 8:30 p.m. Each dispensary will donate profits from the first day of legal sales to a local nonprofit organization, including Lakewood Alive, LGBT Community Center of Greater Cleveland, Lorain County Urban League and Toledo Black Queer Collective.

At RISE Dispensaries, patients and customers can explore products from Green Thumb’s family of brands, including RYTHM premium indoor hand-trimmed flower, incredibles and Beboe gummies, Good Green flower, Doctor Solomon’s tinctures and &Shine vapes.

"Our team is honored to celebrate this historic milestone with the people of Ohio as the Buckeye State kicks off legal cannabis sales,” said Green Thumb Founder, Chairman and Chief Executive Officer Ben Kovler. “Safety and product quality are the cornerstones of our operations and we look forward to introducing more Ohioans to our industry-leading brands like RYTHM, incredibles and Beboe.”

Green Thumb President Anthony Georgiadis added, “We are excited to open our doors to new Ohio customers and introduce them to the RISE experience. Our knowledgeable team is ready to help customers on their cannabis journey while continuing to provide best-in-class service to our amazing medical patient community.”

Green Thumb began serving the Ohio medical cannabis community in 2019 and operates a state-of-the-art manufacturing facility in Toledo and five RISE Dispensaries across the state, including:

  • RISE Dispensary Cleveland: 1222 Prospect Ave E, Cleveland, OH 44115
  • RISE Dispensary Lakewood on Detroit: 18607 Detroit Avenue, Lakewood, OH 44107
  • RISE Dispensary Lakewood on Madison: 11818 Madison Avenue, Lakewood, OH 44107
  • RISE Dispensary Lorain: 1920 Cooper Foster Park Rd, Lorain, OH 44053
  • RISE Dispensary Toledo: 3157 W Sylvania Ave, Toledo, OH 43613

For more information on RISE Dispensary locations, including hours of operation, online pre-ordering, product availability, and medical patient benefits, please visit oh.risecannabis.com.

About RISE Dispensaries
RISE Dispensaries is a national cannabis retailer on a mission to promote well-being through the power of cannabis. Founded by Chicago-based Green Thumb Industries, RISE Dispensaries bring patients and customers the best, hand-picked products at a great value – all while providing best-in-class service, such as home delivery, virtual pharmacist consultations and mobile pre-ordering (services vary by market). RISE offers premium, high-quality cannabis products in a welcoming environment, featuring Green Thumb's award-winning family of brands such as &Shine, Beboe, Dogwalkers, Doctor Solomon’s, Good Green, incredibles and RYTHM. Since opening its doors in 2015, RISE has grown its national footprint to 97 retail locations across 14 U.S. markets and serves millions of patients and customers each year. More information is available at www.risecannabis.com.

Investor Contact:
Andy Grossman
EVP, Capital Markets & Investor Relations
InvestorRelations@gtigrows.com
310-622-8257

Media Contact:
GTI Communications
media@gtigrows.com


FAQ

When will RISE Dispensaries begin legal cannabis sales in Ohio?

RISE Dispensaries will begin legal cannabis sales in Ohio on August 6, 2024, starting at 7:00 a.m.

How many RISE Dispensaries are opening for legal cannabis sales in Ohio?

Five RISE Dispensaries are opening for legal cannabis sales in Ohio, located in Cleveland, Lakewood (two locations), Lorain, and Toledo.

What brands will be available at RISE Dispensaries in Ohio?

RISE Dispensaries in Ohio will offer products from Green Thumb's brands, including RYTHM, incredibles, Beboe, Good Green, Doctor Solomon's, and &Shine.

What are the operating hours for RISE Dispensaries in Ohio on August 6, 2024?

RISE Dispensaries in Ohio will be open from 7:00 a.m. to 8:30 p.m. on August 6, 2024, for the launch of legal cannabis sales.

How is Green Thumb Industries (GTBIF) contributing to local communities in Ohio?

Green Thumb Industries (GTBIF) is donating profits from the first day of legal sales at each RISE Dispensary to local nonprofit organizations in Ohio.

GREEN THUMB INDUS SUB VTG

OTC:GTBIF

GTBIF Rankings

GTBIF Latest News

GTBIF Stock Data

2.26B
187.48M
12.47%
10.88%
Drug Manufacturers - Specialty & Generic
Healthcare
Link
United States of America
Chicago